Top 9 Passive Income Ideas in 2022

Passive income is money you earn that doesn’t require you to do a lot of “active” work to continue making it. Passive income can help you earn more during the good times and tide you over if you suddenly become unemployed or even if you voluntarily take time away from work.

With passive income, you can have money coming in even as you pursue your primary job, or if you’re able to build up a solid stream of passive income, you might want to kick back a little. Either way, a passive income gives you extra security.

Passive income is any money earned in a manner that does not require too much effort.

Passive income ideas:

• Create an app
• Rental income
• Affiliate marketing
• Flip retail products
• Sell designs online
• Sell photography online
• Invest in the stock market
• Buy a rental property
• Create a blog or YouTube channel

What is passive income?

Passive income includes regular earnings from a source other than an employer or contractor. Passive income is the idea that you deploy time and/or money and receive income with no further work. Passive income is earned with little or no effort.

“Many people think that passive income is about getting something for nothing,” 

But if you’re committed to the strategy, it can be a great way to generate income and you’ll create some extra financial security for yourself along the way.

Passive Income Ideas Increase Your Money

Create an app

The app can be created in any language, as long as it is able to communicate with a server.

There are many different types of apps that can be created, such as games, social media apps, and productivity apps.

Apps are available on most devices and they can be installed from the app store or Website.

If you don’t have a good idea for an app, there are some websites that offer to create one for you.

The first step in creating an app is to identify the purpose of the app and then create a user flow chart.

The next step is to design the app. This includes Designing Graphics, text, and buttons. The graphics should be done in Photoshop or another similar software. It is important to keep in mind that if this is for a mobile phone, it will need to be designed for specific screen size and resolution.

Rental Income

Rental income is income you earn from renting a property that you own or have use of. You can own the property by yourself or with someone else.

Any rent received or receivable by any person in respect of the lease of a building together with plant and machinery and such rent shall be chargeable to tax under the head “Income from Other Sources”.

“Rent” means any amount received or receivable by the owner of land or a building as consideration for the use or occupation of, or the right to use or occupy, the land or building, and includes any forfeited deposit paid under a contract for the sale of land or a building.

Affiliate Marketing

Sometimes marketers promote their affiliate programs by offering bonuses to anyone who purchases the offer. For example, you could give a free ebook you wrote to any follower who makes a purchase. Promotions like this encourage customers to buy by sweetening the deal.

 In the US, affiliate marketing spending is expected to reach $8.2 billion by 2022, compared to $5.4 billion in 2017. Plus, 84% of publishers use affiliate marketing.

How do I start an affiliate marketing business for free?

• Find a niche.
• Choose a free affiliate program.
• Decide on a traffic source.
• Create content to build trust.
• Grow an audience.
• Respond and chat with your audience.

Flip Retail Products

Take advantage of online sales platforms such as eBay or Amazon, and sell products that you find at cut-rate prices elsewhere. You’ll arbitrage the difference in your purchase and sale prices, and may be able to build a following of individuals who track your deals.

Sell Design Online

if you are a Graphic designer and you have expert design skills, you may be able to turn them into a money-maker by selling things with your printed designs on them. Businesses such as CafePress and Zazzle allow you to sell items such as T-shirts, Hats, Mugs, and Much More with your own designs.

You can start with your own designs and see what the market is interested in, and expand from there. And you can also set up your own web storefront through a site such as Shopify to market your goodies.

Sell photography online

Selling photography online maybe not be the most obvious place to set up a passive business, but it could allow you to scale your efforts, especially if you can sell the same photos over and over again. To do that, you might work with an organization such as Getty Images, Shutterstock, or Alamy.

To get started, you’ll have to be approved by the platform, and then you license your photos to be used by whoever downloads them. The platform then pays you every time someone uses your photo.

Invest in the Stock Market

The Stock Market might have a steep learning curve and can be confusing, but it’s a great way to build lasting wealth. A common mistake most people make with stock investments is thinking short-term instead of playing the long game to reach financial goals. 

The goal of investing in stocks is to diversify your portfolio and reduce risk. You can do this by investing in exchange-traded funds (ETFs) and high-dividend stocks that earn you income slowly over time. To start investing in the stock market, you need to open up a brokerage account and fund it. 

Buy a Rental Property

(Real estate investing is one of the oldest ways to build long-term wealth). 

If you have enough money, you can buy and rent out houses buildings, or some other form of real estate. But since the job of being a landlord is pretty active, you can hire property managers to manage tenants and collect monthly payments or rent. 

What if you don’t have money to own entire apartment buildings? Can you still earn rental income?

Yes, you can. 

 Create a blog or YouTube channel

Starting a blog can be a challenging venture, but the blogging business model is only becoming more successful as a passive income stream. You don’t need to be an internet celebrity anymore to earn money online. All you have to do is find your people on one or two platforms, then send them to your website. 

It takes a little bit of time to build a blog. But if you create quality content and promote it through your platforms, you’ll build an audience big enough to monetize. 

You could earn passive income from blogging by

• Selling affiliate products
• Creating sponsored posts
• Selling your own products 
• Running ads through Google AdSense

The best part? You don’t need any design or coding skills to start a blog. With a content management system and hosting service like Shopify, you can get a blog up and running in no time.  You’ll need to invest time into creating an SEO marketing strategy and producing and promoting the content. Know that your efforts will be rewarded: the return on investment can be upward of $30,000 per month, depending on how you monetize your blog.